Icade (OTCMKTS:CDMGF – Get Free Report) fell 26.9% during mid-day trading on Wednesday. The stock traded as low as $16.62 and last traded at $16.62. Approximately 100 shares were traded during mid-day trading, a decline of 80% from the average session volume of 500 shares. The stock had previously closed at $22.75.
Analyst Ratings Changes
Separately, Jefferies Financial Group downgraded shares of Icade to an “underperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Report on CDMGF
Icade Trading Down 26.9%
Icade Company Profile
Icade is a French real estate company that develops, owns, manages and invests in property assets. Its activities have historically focused on commercial real estate, including office buildings, business parks and urban development projects, as well as residential property development.
The company also has expertise in healthcare real estate, providing and managing property for healthcare operators such as clinics and care facilities. Icade’s operations are primarily concentrated in France, with a significant presence in the Paris region and other major French urban areas.
Founded in 1954 as the real estate subsidiary of Caisse des Dépôts, Icade adopted its current name in 2003.
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